Topic
Commodities
Commodities India’s Pulse Self-Sufficiency Push Undercut by Stock Controls and Subsidised Sa
India's Mission for Aatma Nirbharta in Pulses, announced in Budget 2025-26, aims for self-sufficiency by 2027 through government procurement. However, recurring stock-holding limits on tur, urad, and chana, along with subsidised buffer stock releases through Bharat Dal, erode the private market infrastructure and NCDEX futures market that are essential for price signals and farmer acreage decisions, according to a report by The Hindu BusinessLine.
Commodities J&K Plans Clean Plant Centre to Boost Horticulture Quality, Says Minister
Jammu and Kashmir Agriculture Production Minister Javid Ahmad Dar outlined plans to establish a Clean Plant Centre to improve horticulture planting material quality, while also addressing challenges like lack of crop insurance for apples and saffron, pest infestations from imported material, and shrinking farmland. The interview covered high-density apple cultivation success and climate adaptation efforts.
Commodities Gold Rates Dip Across India on June 11: Check City-Wise Prices
Gold prices in India declined on June 11, 2026, with 22-carat gold dropping by ₹295-300 per gram and 24-carat by ₹309-315 per gram across major cities. The rates for 8 grams also fell substantially. The data, courtesy of bankbazaar.com, shows uniform declines from Mumbai to Kolkata.
Commodities India’s horticulture output hits record 378 mt in 2025-26
India's horticulture production for the 2025-26 crop year is estimated at a record 377.78 million tonnes, up from 370.74 mt a year ago, according to the Agriculture Ministry. The increase is driven by a marginal rise in acreage and improved yields in fruits, vegetables, spices, and flowers. Key crops like banana, mango, potato, and tomato posted gains.
Commodities Bitter Season for Kashmir Honey: Output Plunges on Erratic Weather
Erratic weather in Kashmir has caused a sharp decline in honey production this season, reversing a 75% increase over the past three years. Beekeepers report yields down by 70% or more, with premium acacia honey particularly affected. The decline highlights the sector's vulnerability to climate variability despite recent policy support.
Commodities India Palm Oil Imports Rise in May but Stay Below Average Levels
India's palm oil imports edged up 7% month-on-month in May to 549,356 metric tons, rebounding from a four-month low but remaining below the 632,000-ton monthly average of the previous marketing year. The Solvent Extractors' Association of India (SEA) reported that soyoil imports surged 37% as its price advantage over palm oil narrowed, while sunflower oil imports fell nearly 32%. Total vegetable oil imports rose 4.2% to 1.37 million tons, the highest in three months.
Commodities How US overtook Saudi and Russia to become world's top oil exporter
The United States has become the world's largest oil exporter, with crude and fuel shipments reaching about 10.5 million barrels per day in May, overtaking Saudi Arabia and Russia. The milestone marks a dramatic reversal from past dependence on imported oil, driven by the shale revolution, the lifting of a four-decade export ban in 2015, and recent geopolitical disruptions including the Strait of Hormuz crisis. European and Asian buyers are increasingly turning to US supplies, reshaping global trade flows and challenging OPEC's influence.
Commodities Feed Makers Worry as Soyameal Prices Surge Over 40%
Soybean meal prices in India have surged over 40% in recent weeks to around ₹65-66 per kg, according to CLFMA. The price spike is putting pressure on feed manufacturers and farmers, especially in aquaculture where feed costs account for 50-60% of production. CLFMA urges government action to ensure supply and stabilize prices.
Commodities Critical minerals reshaping global trade, UNCTAD warns
A new UNCTAD report says demand for critical minerals like lithium, cobalt, nickel, copper and rare earths is reshaping global trade, industrial policy and supply chains. At Geneva Dry, industry executives discussed copper's long-term demand story, port constraints and the need for versatile geared vessels.
Commodities Global Offshore Wind Capacity on Track to Quadruple to 420 GW by 2035
A new report from the Global Wind Energy Council (GWEC) forecasts that global offshore wind capacity will quadruple to 420 GW by 2035, driven by a 24% CAGR between 2026 and 2030. In 2025, over 9 GW were added, bringing cumulative capacity to 92.5 GW. China led with 6.6 GW of new installations, while Europe added 2 GW.
Commodities Crude Oil Futures Fall as Trump Signals Possible Iran Deal
Crude oil futures traded lower after US President Donald Trump signaled a possible peace deal with Iran. August Brent fell 1.90% to $88.66, and July WTI dropped 1.82% to $86.11. ING analysts expressed caution, noting past false starts and quiet signals from Tehran. OPEC's May production fell 177,000 b/d, led by Iran's 546,000 b/d decline, while Saudi, UAE, and Iraq increased output.
Commodities Gold Set for Weekly Loss as Inflation, Rate Hike Fears Persist
Gold prices declined on Friday, heading for a weekly loss as concerns over inflation and potential US Federal Reserve interest rate hikes pressured the market. Spot gold fell 0.5% to $4,191.17 per ounce, while US gold futures rose 2.4% to $4,212.70. The price action was driven by geopolitical headlines, including President Trump's decision to call off military strikes on Iran.
Commodities India Exempts Higher Ethanol Blend Grades from Excise Duty
The Central Board of Indirect Taxes and Customs (CBIC) has issued notifications exempting ethanol blended petrol grades E22, E25, E27, and E30 from central excise duties, provided excise duty has already been paid on petrol and GST on ethanol. The move mirrors existing treatment for lower blends and aims to avoid double taxation, according to officials. Joint Secretary Sujata Sharma stated it is a preliminary prerequisite for eventual introduction of higher blends after extensive testing.
Commodities India's Wild Agave Sparks a New Spirit Industry
India's wild agave americana, traditionally used as fencing, has become the foundation of a new domestic agave spirit industry. The market is growing at 31% annually, according to distiller Maya Pistola Agavepura. Farmers like Masapalli Venkatesh coordinate wild harvests across states, but the informal supply chain faces challenges from genetic inconsistency to tight harvest windows.
Commodities U.S. Approves $5B Offshore LNG Export Platform Amid Historic Regulatory Mileston
Federal regulators have approved the first-ever offshore LNG export terminal, a $5 billion project by Delfin Midstream. The platform, located 40 miles off Louisiana, will eventually export 1.8 billion cubic feet per day. Other stories include Amazon's LTL expansion, countervailing duties on Chinese and Mexican trailers, and a 30% surge in cargo theft.
Commodities India's Fertilizer Prices Drop Amid Easing Supply Strain
India's latest fertilizer tender saw prices drop significantly, indicating an easing of global supply strains. National Fertilizers Ltd. received offers between $444.90 and $617 per tonne, a stark contrast to April's prices of $935 to $959 per tonne.
Commodities Crude Oil Futures Rise Amid US-Iran Tensions
Crude oil futures saw an increase following US military strikes on Iran. Brent and WTI futures rose, driven by geopolitical tensions and potential disruptions in the Strait of Hormuz.
Commodities Oil Prices Surge as Iran Closes Strait of Hormuz
Oil prices jumped over 2% after Iran closed the Strait of Hormuz following US military strikes. Brent crude reached $95.40 a barrel, while WTI hit $92.63. The closure impacts global oil shipments, escalating geopolitical tensions.
Commodities India Considers Delaying Higher Ethanol Mandate
India's government is considering delaying the increase in ethanol blending from E20 to E25 due to concerns about vehicle compatibility. Most vehicles manufactured before 2025 are not fully compliant with higher ethanol blends, potentially impacting mileage and maintenance costs.
Commodities How Iran and Gulf States Bypass Hormuz Blockade to Stabilize Oil Prices
Despite the closure of the Strait of Hormuz and a US naval blockade, crude oil prices have not reached the feared $200 per barrel. This stability is due to covert shipping networks and alternative trade routes developed by Iran and its Arab neighbors, ensuring continued oil flow.
Commodities India and UAE to Expand Strategic Crude Oil Reserves
India and the UAE are collaborating to expand UAE-linked crude oil storage in India from 5.8 million barrels to 30 million barrels. This initiative involves new construction projects and potential storage at Mangalore, Visakhapatnam, and Chandikol.
Commodities U.S. Approves First LNG Production Ship Amid Controversy
The U.S. has approved its first floating LNG production ship, led by Delfin Midstream, despite controversy over environmental reviews. The project, located off Louisiana, aims to enhance U.S. energy exports.
Commodities India's Agriculture Budget Soars to Rs 1.4 Lakh Crore
The Modi government has increased India's agriculture budget five-fold to Rs 1.4 lakh crore over 12 years. Key initiatives include climate-resistant crops, soil health cards, and increased fertiliser subsidies.
Commodities UK Pint Prices Surge 36% Amid Rising Costs
The price of a pint in UK pubs has increased by 36% since the last World Cup, driven by rising costs and taxes. Energy price hikes and increased national insurance contributions have significantly impacted pub operations.
Commodities May 2026 SST Ties for Second Warmest on Record
May 2026 recorded the second warmest sea surface temperature globally, at 20.90°C, just behind May 2024. This trend is significant for energy markets as it influences weather patterns and energy demand.
Commodities Monsoon Stalls: Rain Deficit Deepens in West India
The monsoon has stalled along India's coast, leading to a significant rain deficit in West India. Key regions like Saurashtra and Kutch are experiencing over 60% below-normal rainfall.
Commodities Copper Futures Decline Amid Market Correction
Copper futures have declined to ₹1,315/kg, breaking below key support levels. The market shows signs of a corrective decline, with potential further drops to ₹1,265.
Commodities Complex Fertilizer Sales Surge 27% in May Amid Urea Decline
Complex fertilizer sales in India increased by 27% in May, offsetting declines in urea and DAP sales. The rise in complex fertilizers helped maintain overall fertilizer consumption levels, despite government efforts to curb chemical fertilizer use.
Commodities Homestead Farming: A Climate Change Solution
Homestead farming in Keralam offers a sustainable approach to combat climate change by reducing transportation emissions and enhancing carbon sequestration. The practice, highlighted by Rammohan Paliyath, emphasizes local food production and diversified agriculture.
Commodities Aker BP and Viridien Partner for Norwegian Exploration
Aker BP and Viridien have formed a strategic partnership to enhance exploration efforts on the Norwegian Continental Shelf. The collaboration focuses on multi-client OBN seismic data acquisition and technology development.
Commodities Gold and Silver Prices Plunge Amid Oil Rally and Strong Dollar
Gold prices fell by ₹4,300 to ₹1.56 lakh per 10 grams, and silver dropped by ₹10,000 to ₹2.45 lakh per kg in India. The decline is attributed to a surge in oil prices and a stronger US dollar, impacting bullion demand.
Commodities SAEL Industries Boosts Renewable Capacity with New Plant in Rajasthan
SAEL Industries Ltd has commissioned a 14.9 MW agri waste-to-energy plant in Bhadra, Rajasthan, increasing its total capacity to 164.9 MW. The plant processes agricultural residues, contributing to clean energy and employment in the region.
Commodities Dutch Consortium Advances Offshore Hydrogen in North Sea
Hydrogen of Dutch Origin (H2DO) initiates a feasibility study for offshore green hydrogen production in the Dutch North Sea. The project aims to address grid congestion and enhance energy autonomy by 2031.
Commodities Hindustan Zinc Partners with Sulfozyme Agro for Sustainable Metal Recovery
Hindustan Zinc has signed an agreement with Sulfozyme Agro to promote sustainable metal recovery at the Zinc Industrial Park in Rajasthan. This partnership aims to enhance the circular economy and support MSME development.
Commodities MP Urges Action on Areca Plantation Diseases in Karnataka
Captain Brijesh Chowta, MP from Dakshina Kannada, has urged the Indian government to address leaf spot and yellow leaf diseases affecting areca plantations. These diseases threaten the livelihoods of farmers in Karnataka, with financial constraints hindering effective management.
Commodities Gold and Silver Prices Under Pressure Amid Geopolitical Tensions
Gold and silver prices are under pressure due to geopolitical tensions and rising interest rate expectations. The US jobs report and Middle East tensions are key factors affecting the market.
Commodities El Niño Threatens Global Crop Yields and Energy Grids
El Niño has formed in the Pacific, posing risks to global agriculture and energy. The phenomenon, identified by the Japan Meteorological Agency, could lead to reduced yields for key crops and strain power grids worldwide.
Commodities Crude Oil Futures Surge Amid US-Iran Tensions
Crude oil futures saw an uptick following US military strikes on Iranian targets. The geopolitical tension has influenced Brent and WTI futures, with significant movements in the market.
Commodities UK Seeks Developer for 1.5GW Offshore Wind Project
The UK Crown Estate is launching a tender to find a new developer for the Morgan offshore wind site in the Irish Sea, capable of generating 1.5GW. The previous developers, EnBW and JERA Nex BP, exited the project earlier this year.
Commodities Gold Prices Plummet Below $4,300/oz Amid Inflation Concerns
Gold prices have fallen below $4,300 an ounce, marking a significant decline from earlier highs this year. The drop is attributed to rising inflation concerns and geopolitical tensions, particularly the ongoing Iran war.
Commodities Diesel Prices Decline Amid Inventory Concerns
Diesel prices continue to decline, with the DOE/EIA reporting a drop to $5.21/gallon. Concerns about low inventory levels and potential export bans are influencing market dynamics.
Commodities Gujarat Kharif Sowing Boosted by Early Narmada Water Release
Gujarat's Kharif sowing season begins as the state government releases Narmada irrigation water early to aid farmers. With over 1.73 lakh hectares already sown, the move supports critical early crop growth.
Commodities Indian Farmers Eye Expansion Amid Rising Oilseed Prices
Rising prices of key oilseeds like soybean and groundnut are prompting Indian farmers to consider expanding cultivation areas. This trend is driven by higher market prices compared to last year, encouraging increased planting in major growing regions.
Commodities Jet Fuel Prices Surge 10% Amid New Stabilisation Scheme
Jet fuel prices for domestic airlines in India have risen by 10% as state-owned oil companies implement a price stabilisation scheme. The plan allows airlines to lock in fuel rates for up to three years, aiming to mitigate the impact of global oil price volatility.
Commodities India Sets Stage for Coal Exchanges with New Rules
India has notified new rules to establish coal exchanges, aiming to modernize the coal supply chain with transparent, market-driven price discovery. The Coal Controller Organisation will oversee the registration and regulation of these exchanges.
Commodities Maharashtra's Expert Panel to Address Onion Price Decline
Maharashtra has established an expert panel to address the decline in onion prices, focusing on long-term solutions for the state's onion sector. The panel will assess factors affecting prices and recommend measures to improve the value chain.
Commodities India's Monsoon Boosted by IoD Amid El Nino Concerns
India's monsoon season could see improved rainfall due to a potential positive Indian Ocean Dipole (IoD) event, despite the looming threat of El Nino. The Bureau of Meteorology reports sea surface temperatures have crossed the El Nino threshold, but a positive IoD could enhance monsoon rains.
Commodities Natural Rubber Prices Hit Record High Amid Global Supply Challenges
Natural rubber prices have surged to a record ₹267 per kg, driven by global supply shortages and rising international rates. Weather disruptions and geopolitical tensions have exacerbated the supply-demand imbalance.
Commodities Monsoon Slowdown Expected in North-West India Due to Western Disturbance
The monsoon in north-west India is expected to slow down due to a western disturbance, affecting agricultural activities. Heavy rainfall remains concentrated along the west coast, but a slowdown is anticipated in the coming days.
Commodities Pernod Ricard India's Initiative Boosts Agri Yields and Water Resources
Pernod Ricard India's WAL programme has improved agricultural yields and water resources across 13 states and union territories. The initiative supports farmers with regenerative practices and efficient irrigation.
Commodities Crude Oil Futures Dip as Iran and Israel Agree to Ceasefire
Crude oil futures fell after Iran and Israel agreed to cease attacks, following US President Trump's intervention. Brent and WTI futures saw declines, reversing gains from earlier geopolitical tensions.
Commodities Oil Prices Edge Up Amid Iran-Israel Tensions
Oil prices saw a slight increase as Iran and Israel paused hostilities, following an appeal from US President Donald Trump. Brent crude futures rose to $94.38 a barrel, while US West Texas Intermediate reached $91.41 a barrel.
Commodities Crude Oil Prices Surge Amid OPEC+ Production Cuts
Crude oil prices on the NYMEX have surged due to OPEC+ production cuts. The November contract rose to $85.50 per barrel, marking a 3% increase week-over-week and a 15% rise year-over-year.
Commodities Oil Prices Surge Amid Israel-Lebanon Tensions
Oil prices increased by over $2 per barrel following renewed Israeli strikes on Lebanon, escalating Middle East tensions. This development threatens crude flows through the Strait of Hormuz, a critical chokepoint for global oil supply.
Commodities Regenerative Agriculture: Shared Responsibility in Transition
Stakeholders in India's agriculture sector emphasize the need for shared responsibility in transitioning to regenerative agriculture. The Nature Conservancy and CII FACE highlight integrated solutions for sustainable farming.
Commodities Post-Harvest Management: Key to Food Safety and Market Stability
Post-harvest management is crucial for maintaining food safety and market stability. Effective storage and transportation practices can significantly reduce food losses and enhance economic returns.
Commodities India's Dairy Demand Surges in Smaller Cities
India's dairy market is expanding beyond metropolitan areas, with smaller cities like Thrissur and Manipal driving demand for value-added dairy products. This shift is fueled by rising incomes and improved cold-chain infrastructure.
Commodities Gold Prices Decline Amid US-Iran Tensions and Rate Hike Fears
Gold prices have declined due to renewed US-Iran tensions and fears of a US interest rate hike. Spot gold is down 0.4% to $4,313.11 per ounce, with US futures also dropping.
Commodities Perdana Petroleum's Fleet Renewal: A Strategic Move Amid Market Recovery
Perdana Petroleum is investing $33.94 million to build two new AHTS vessels, marking its first construction program since 2012. This move aligns with improved market conditions and recent contracts with Petronas Carigali.
Commodities Crude Oil Prices Stabilize Below $100 Amid Geopolitical Tensions
Crude oil prices on the NYMEX have stabilized below $100 per barrel, despite significant disruptions in the Strait of Hormuz. Alternative supply routes and reduced Chinese demand have helped prevent a spike to $200.